Best Altcoins To Invest In Right Now

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In our most recent Best Altcoins to Invest In Roundup, we talked about how several cryptocurrencies have demonstrated substantial growth potential within the crypto industry. For example, DogeCoin (DOGE) saw a remarkable increase from $0.003 in December 2020 to $0.70 in May 2021, marking a 20,000% surge. Similarly, Chainlink (LINK) started at under $0.50 in early 2019, but by May 2021, it was trading at $49, signifying a substantial 10,000% increase.

Identifying promising cryptocurrencies in this complex market can be challenging. In light of these intricacies, this market analysis focuses on potential cryptocurrencies expected to experience significant growth in 2023, highlights upcoming projects worth considering, and provides insights into the factors driving cryptocurrency price surges, along with tools for early project identification.

In a significant development, the Chinese judiciary system, as reported by BSC, has taken a pivotal step toward acknowledging cryptocurrency as a legitimate form of property. This crucial development is detailed in an opinion article published in the prestigious China Court Daily and carries profound implications for China’s cryptocurrency landscape.

The article asserts that cryptocurrency possesses distinct economic characteristics, with its exchange value being an objective reality. This recognition is rooted in the global acceptance and circulation of cryptocurrencies.

Here are the possible Altcoins that could explode:

1. Chimpzee (CHMPZ)

Presently, Chimpzee is actively engaged in an ongoing presale, with the current phase offering the token at a rate of $0.001. In the subsequent phase, the price is set to increase to $0.00105, while the listing price will stand at $0.00185.

For those individuals who do not manage to secure Chimpzee NFT passports during the presale, they will subsequently become available at a higher price, albeit with a limited supply.

CHIMPZEE IN THE NEWS!https://t.co/yFOfb4i3aV

— Official Chimpzee Project (@RealChimpzee) August 31, 2023

Non-presale investors will be required to patiently await the whitelist NFT passport prelaunch, exclusively reserved for presale participants. Notably, when CHMPZ coins are used to acquire Chimpzee NFT passports, they will be subject to a burning process, potentially leading to a reduction of up to 10% in the total circulating supply. Moreover, individuals purchasing NFT Passports with CHMPZ tokens will benefit from more favorable pricing compared to those opting for an alternative token.

After the presale phase, the Chimpzee team is set to prioritize securing listings on a range of exchanges, alongside advancing technological facets, such as the development of the Chimpzee store, NFT minting platform, and staking engine. The anticipated debut listing on a centralized exchange (CEX) is expected to occur in the latter half of the year.

It’s worth noting that the Chimpzee presale is scheduled to progress to the 12th stage after a period of 12 days. Recent days have seen substantial community support, leading to the presale crossing the significant milestone of $1.25 million. The presale is projected to conclude once it reaches the 16th stage.

2. Merit Circle (MC)

Today, Merit Circle’s cryptocurrency, MC, is trading at $0.316677, with a 24-hour trading volume of $11,148,924.62. This marks a 9.29% price increase over the past day and a 1.36% increase in the last week. The project currently holds 460 million MC tokens in circulation, resulting in a total market capitalization of $145,810,871.

The Merit Circle DAO is a dynamic digital ecosystem created by a global community with the aim of shaping the future of gaming. Rooted in web3 technology, their mission is to seamlessly integrate blockchain potential with the latest gaming innovations, ushering in a new era of immersive gaming experiences.

The @MeritCircle_IO DAO’s ecosystem is expanding by the day 🥕

🔱 @Edenhorde
🕹️ @MeritGamers
🏐 @GetOnSphere
✳️ @BuildOnBeam

What are we missing?

— Merit Circle (@MeritCircle_IO) September 2, 2023

The activities of the Merit Circle DAO are organized into four distinct segments, each featuring its own unique product. Together, these segments form a comprehensive ecosystem designed to enhance the value of the DAO and, subsequently, the $MC token.

3. Stellar (XLM)

The Stellar Development Foundation has recently announced its affiliation with the Bytecode Alliance, an industry consortium dedicated to advancing the development of WebAssembly (Wasm). The confirmation came through an official announcement from Tomer Weller, who serves as the product lead for the foundation. It’s worth noting that WebAssembly (Wasm) represents a competing technology to the Ethereum Virtual Machine (EVM), which is widely used within the Ethereum ecosystem.

Stellar, initially established as a payment network back in 2014, underwent significant expansion in 2022 when it integrated smart contracts into its network. In a pivotal decision made in April of that year, Stellar’s development team opted for WebAssembly (Wasm) as their chosen computational engine. Their reasoning was grounded in concerns about the cost-effectiveness and parallelizability of EVM’s storage and execution models.

25 days until #Meridian2023! Get ready to dive into over 70 insightful sessions, connect with industry leaders, and unlock endless possibilities.

Grab your spot today! https://t.co/lRAGVzFLRl

— Stellar (@StellarOrg) September 1, 2023

In terms of its market performance, Stellar (XLM) is currently valued at $0.118238, with a 24-hour trading volume of $89,029,532.33. Over the past 24 hours, it has experienced a 5.94% increase in its price, while its value has seen a 2.09% decline over the past week. Stellar’s circulating supply consists of 27 billion XLM tokens, resulting in a market capitalization of $3,256,682,201.

4. SingularityNET (AGIX)

SingularityNET, a blockchain-powered platform, has created a global AI marketplace where anyone can easily create, share, and profit from AI services. This marketplace enables users to access and utilize a wide range of AI services using SingularityNET’s native utility token, AGIX. It also serves as a platform for AI developers to showcase and sell their AI tools while monitoring their performance seamlessly.

The team behind SingularityNET is credited with developing Sophia, known as the “world’s most expressive robot.” The platform’s overarching goal is to enable Sophia to fully comprehend human language and advance the “OpenCog” AI framework, aspiring to achieve “advanced general intelligence,” equivalent to or surpassing human-level artificial intelligence.

We are rapidly approaching workable brain-computer-interface techniques.

It’s not here now, or even next year. But the confluence of technologies coming together means we are already on the exponential “hockey stick”; and I don’t think most people have noticed that yet:…

— SingularityNET (@SingularityNET) September 2, 2023

SingularityNET was initially announced in 2017 and successfully completed an initial coin offering (ICO) in December of the same year, raising a staggering $36 million in just one minute.

As of today, SingularityNET (AGIX) is valued at $0.188580, with a 24-hour trading volume of $48,387,279.91. This marks a 4.92% price increase in the last 24 hours and a 5.62% rise over the past week.

5. Siacoin (SC)

In the world of decentralized finance (DeFi), Siacoin has made a significant mark by introducing its native utility token, SC. It’s standing tall as a strong contender against industry giants like Amazon, Google, and Microsoft in the competitive arena of cloud storage solutions within the cryptocurrency realm.

On the Sia network, a unique approach is taken to ensure file security. Files are split into 30 encrypted segments, each distributed to a different host to provide redundancy and reliability. The entire process, from file agreements between uploaders and hosts to execution, is meticulously documented within the Siacoin (SC) ecosystem, all thanks to smart contracts.

Essentially, Siacoin serves as a mediator network for payments, with renters compensating hosts using SC. Hosts, in turn, lock SC tokens in smart contracts as collateral. This system forms the backbone of Siacoin’s file storage capability.

The Sia Grants Program has approved two new grants for the Sia ecosystem. Both are small grants (we love these!) dedicated to giving hosts more ways to stay online and visualize their statistics.

— Sia Foundation (@Sia__Foundation) August 16, 2023

Taking a look at the latest data, the current Siacoin price stands at $0.002895 USD, with a 24-hour trading volume reaching $20,881,197 USD. Our platform provides real-time updates on the SC to USD exchange rate, revealing a 6.54% increase in Siacoin’s value over the past 24 hours. CoinMarketCap currently ranks Siacoin at #146, with a live market capitalization of $159,067,123 USD.